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Wednesday, January 30, 2008
Smiley
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I'm in San Pedro de Alcantara
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The much vaunted 65% self certification mortgage product has been officially withdrawn from Spain. Personally I was not a big fan owing to high start up cost and interest rates but if a client needed it so be it but it is now officially dead. Those clients who have had a valuation done, and an offer been issued with a definite completion date we are being told will be honoured but anyhting other than that will not complete.
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Smiley - patrick@marbellamortgages.com www.marbellamortgages.com
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30 Jan 2008 8:13 PM
sharonw
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I'm in Coin, Malaga
I've made 110 posts
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Yes, many products are changing - in fact Self Cert now down to 50% LTV with restrictions on mortgage amount, term and maximum age!
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Sharon
sharon@tmasspain.com
www.themortgageservicegroup.com
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